SWIFT/BIC code SECTESM1XXX
SECTESM1XXX belongs to Samsung Electronica Espanola in Madrid, Spain.
Code details
| SWIFT/BIC code | SECTESM1XXX |
|---|---|
| 8-character code | SECTESM1 |
| Branch code | XXX |
| Bank | Samsung Electronica Espanola |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Samsung Electronica Espanola SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SECT Bank code
- 4 letters that identify the bank.
- ES Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution is behind SWIFT code SECTESM1XXX?
The code SECTESM1XXX belongs to the main office of Samsung Electronica Espanola in Madrid, Spain. It is the code to use when a payment to Samsung Electronica Espanola does not need a specific branch.
Do I need SECTESM1XXX to send euros to Spain?
Spain is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need SECTESM1XXX.
How long does it take to send money to Samsung Electronica Espanola in Spain?
Euro transfers within SEPA normally arrive the next business day. Payments in other currencies can take 2–4 business days.
Is SECTESM1 and SECTESM1XXX the same code?
Yes, they are. SECTESM1 is the 8-character version of SECTESM1XXX. XXX simply means head office, so both routes your payment to Samsung Electronica Espanola in Madrid.
What happens if I use SECTESM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check SECTESM1XXX with the recipient before sending.
Has Samsung Electronica Espanola got other SWIFT/BIC codes?
Yes – we list 2 SWIFT/BIC codes for Samsung Electronica Espanola in Spain, for the head office and several branches or departments. All of them are listed on the page of Samsung Electronica Espanola.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.